Market Research Report 19 JUNE, 2024

Top News
1 Income from capital gains up 105% in AY23: Official 2 Prabhudas Lilladher Advisory plans fund-raise
data through preferential allotment, IPO in two years
Income from capital gains as reported by taxpayers rose sharply in the
Prabhudas Lilladher Advisory Services is seeking to raise funds through a
assessment year 2022-23 (financial year 2021-22), immediately after the
preferential placement of equity shares to expand its margin funding book and
pandemic, data released by the income tax department showed.
wealth management operations. In a note for private circulation meant for select
clients, the company said the issue will be priced at Rs 253 per share and the
According to the data, income reported as long-term capital gains surged 132%
minimum investment per application will be Rs 1 crore. The exact amount the
year-on-year to Rs 8.20 trillion and short-term capital gains 43.2% to Rs 2.23
company is planning to raise could not be ascertained. However, the note explicitly
trillion in AY23. The aggregate income reported from capital gains skyrocketed
stated that the company will go for an IPO within the next two years to provide an
105.3%. In the previous assessment year (AY22), the year-on-year rise in
exit for investors.
aggregate income from capital gains was 89%.

Funds raised through the preferential allotment are to be utilized for building the
The sharp rise in income from capital gains during FY22 is in sync with the rise in
Sebi Margin trade funding book, expanding the asset and wealth management
household investments in physical assets, shares and debentures, and mutual
businesses, contributing to the promoter ’s share in AIF, and meeting AMC
funds. According to the statistics ministry data, households’ investments in
guidelines, the note said. A mail sent to the company did not elicit any response. A
physical assets soared 39%, in shares and debentures 100%, and in mutual
source said, “The company is pitching its shares to its own sub-brokers mostly."
funds 151% year-on-year.
 Market Research Report
Top News
3 Fitch Ratings raise India FY25 GDP forecast to 7.2%
Fitch Ratings has raised India’s GDP growth projection for the current
financial year to 7.2% from 7% estimated earlier, mainly due to the
assumption of recovery in consumer spending.
In its June ‘Global Economic Outlook’ report, the global ratings agency
said that investments will continue to rise but “more slowly” than in
recent quarters in FY25, while consumer spending will “recover with
elevated consumer confidence”.
Fitch’s projection of growth is in line with the Reserve Bank of India’s
(RBI) forecast of 7.2% for the current fiscal, and much higher than the
International Monetary Fund’s (IMF) projection of 6.8%. Most
economists, however, expect the growth to be sub-7% in FY25.
4
NTPC ropes in Macawber Beekay to supply green
coal for power projects
State-owned power giant NTPC has roped in Macawber Beekay to
supply charcoal (green coal) to help the energy giant reduce carbon
emissions while generating electricity, the waste-to-energy firm said
on Tuesday. In a statement, Macawber Beekay Private Ltd (MBL)
said it has "bagged three NTPC's Green Coal projects in Noida (Uttar
Pradesh), Bhopal (Madhya Pradesh), and Hubbali (Karnataka)".
Green coal is charcoal made using municipal solid waste (MSW)
through a thermal treatment process called torrefaction, which is
carried out in an oxygen-deficient environment, MBL said.
To supply the material, MBL said it will set up three green coal
manufacturing units having the capacity to treat 900 tonnes per day
(TPD) MSW in Noida, 500 TPD in Bhopal and 400 TPD in Hubbali.
 Market Research Report
PRE - Market Report

On Tuesday, the Nifty 50 rose 92 points to 23,558 as the market

remained positive and hit new highs for the fourth consecutive day. A
doji candlestick pattern was formed during the trading day indicating
indecision between the bulls and the shorts.

Asian stock markets opened positively today, which had a positive

effect on the market. On the upside, it is facing resistance from the top
rail of the rising trend line and may sell off if it fails to break out to the
upside. On the downside, important support is around 23300, the high
formed on 3 June. The probability of the index falling back is higher
today.
 Market Research Report
PRE - Market Report

Bank Nifty formed bullish candlestick pattern with lower shadow

on daily charts and rose 438 points to 50440 and closed above
important support line. Today, it may form a higher open and test
the important support of 50,000.
 Market Research Report
Options Strategy

NIFTY 50 INDEX FUTURES

For call options, the highest number of open positions is at 24,000 strike, which can act as a key
resistance level for Nifty in the near term. For put options, the highest number of open positions are at
23,000 strike, which can act as a key support level for Nifty. It is advisable to maintain a short strategy
and enter into buying of put options if the support at 23,500 is lost during the day.

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